Nowhere to hide as owners, investors, first-home buyers and renters face challenges
Whether renting, buying or investing, there are challenges confronting most sectors of the residential property market, as new data on home loans, affordability and rental trends attests.
New housing loan commitments fell 6.4 per cent in April, with housing and rental affordability also declining across Australia.
Investors and owner-occupiers alike were shying away from new loan commitments, with the value of new housing loans falling to 7.3 per cent for owner-occupier lending and 4.8 per cent for investor lending.
But any hope that the easing of property demand will significantly help first-home buyers appears slim.